Rs.90 lakh in Demonetised currency seized

Task Force police arrested two persons and seized `90,00,000 demonetised currency from their possession on Tuesday .

Acting on a tip off, West Zone Task Force sleuths laid a trap at Nova Hospital near GVK mall in Banjara Hills and arrested Ch Satya Haribabu, a realtor from Erragadda and Koteshwar Rao, a realtor from Vijayawada in possession of the demonetised currency in `1000 and `500 denominations.

During the interrogation, Koteswar Rao said that he collected the



currency from several businessmen in Vijayawada with an intention to exchange it with new currency for commission.Koteswar Rao sought the help of his friend Haribabu to exchange the case and the latter agreed to do so.

While the duo were waiting near GVK mall in Banjara Hills to meet prospective customers to exchange the demonetised currency , Task Force sleuths arrested them.The offenders were handed over to Punjagutta police for further probe.